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State of Massachusetts Bay Bond

Inv# CD1001   Bond
State of Massachusetts Bay Bond
State(s): Massachusetts
Years: Jan. 1, 1780
Commodities Bond. 6% interest. Part of the text reads “Five Bushels of CORN, sixty-eight pounds and four-seventh parts of a pound of BEEF, ten pounds of SHEEPS WOOL, and sixteen pounds of SOLE LEATHER shall then cost, more or less than One Hundred and Thirty Pounds current money, at the then current prices of said articles, etc. etc.......” Bond related to raising funds for “this State’s Quota of the CONTINENTAL ARMY, agreeable to the Recommendation of CONGRESS, and for supplying the Treasury with a Sum of Money for that purpose”. Signed by Treasurer, H. Gardner. We have two especially attractive examples. Archival restoration at back folds but very attractive. So historic!!

A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

Item ordered may not be exact piece shown. All original and authentic.